PNB Account Alert If you also have a savings account in the bank, then this news is for you. Many savings accounts are going to be closed from July 1, 2024. Yes, the government bank of the country had given this information to the customers last month itself. Let us know in this article which savings account the bank is closing and why.
New Delhi. If you or any family member has a savings account in Punjab National Bank (PNB), then this news is for you. The country’s second largest government bank had given important information to all customers in June.
The bank had told that it will close some special savings accounts from July 1. Today is July 1, which means many PNB savings accounts have been closed today.
Which savings accounts will be closed
The bank had said that there has been no transaction in many savings accounts for a long time. In such a situation, the bank closed those accounts which have not been active for the last 3 years. This means that the bank has closed those bank accounts which either have zero balance or there has been no transaction for three years.
The bank had taken this decision to avoid security risk. Many times fraudsters use such accounts for fraud. In such a situation, PNB has taken this step to reduce banking fraud.
These accounts will not be closed
The bank has clarified that those savings accounts which are linked to any Demat Account, lockers will not be closed.
Apart from this, the accounts of students and minors will also not be closed.
Accounts opened for government schemes like PMJJBY, PMSBY, SSY, APY or Direct Benefit Transfer Scheme will also remain active.
If any savings account has been frozen by the court, tax department or any authority, then it will also not be closed.
What to do to activate the account
If your savings account gets closed and you want to activate it again, then you have to go to your bank branch as soon as possible. Here you will have to get the KYC of the bank account done and submit the documents related to KYC.
For KYC, the account holder will have to provide ID proof like PAN card, Aadhar card, passport or driving license. Apart from this, a copy of the address proof document will also have to be given.
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